Technology Business Incubator

Country / jurisdiction: India · Year: 2015 · Status: In force · Level: National · Type: Voluntary

The Technology Business Incubator (TBI) programme,  provides a platform for accreditation of start-ups through which  the  Department of Science and Technology (DST) and other government departments channel financing and support to start-ups.  The supported incubators cover different technology areas and provide a channel through which several different funding programmes and services are distributed. As of 2021, there were around 125 TBI incubators supported by the government.  The selection of start-ups for support is at the discretion of participating incubators. Participating incubators are eligible to receive funding from multiple government departments and programmes, which helps them to create a more diverse portfolio. Start-ups selected for incubation by TBI incubators can get access to a range of funds available from the DST and other government departments. These include:  Start-ups selected for incubation by TBI incubators can get access to a range of funds available from the DST and other government departments. These include: Entrepreneur-in-residence. An INR 30 000 (Indian rupees) (USD 400) per month grant paid as a stipend to individuals with a technology business idea, mostly recent graduates who might otherwise leave the idea undeveloped and take a more highly paid job elsewhere. Seed Support System. Funding between INR 1 million and INR 2.5 million (USD 13 000 and USD 34 000), and exceptionally up to INR 10 million (USD 130 000), to be spent on a wide range of eligible costs, including product development, marketing, mentoring, intellectual property issues and personnel.

Official source: http://nstedb.com/institutional/tbi.htm